Question

James is the warehouse supply manager for a major tool corporation. It is his job to take inventory of the tools the company has available and send orders to make more tools when supplies run low. The supply and demand form of production is and example of a ____ economy.

Answer 1

Answer:

Market

Explanation:

The supply and demand of the goods and supply of the goods is an example of the "market economy" where people are free to buy and sell things as they want.

Answer 2

Answer: Market Economy.

Explanation:

An economy in which demand and supply determines the type of product and the quantity of product produced is a market economy. The market economy has very little control from the government and is a highly competitive form of market where all businesses aim at getting more customers.